The Portland Trail Blazers are officially for sale. The estate of Paul Allen, the franchise's late owner, announced May 13 it has commenced a formal sales process for the team. The investment bank ...

An NBA franchise is officially heading to the open market. The Portland Trail Blazers are being put up for sale, it was announced Tuesday. The team said in a statement that the estate of late owner ...

Peter Seidler purchased the San Diego franchise in 2012 for $800 million. He acted as chairman for the Padres from that point ...

Padres chairman John Seidler on Thursday said his family is in the process of exploring "strategic options" for the franchise ...

Two weeks after the Boston Celtics won their 18th title in franchise history, the future of the organization is in question. Celtics majority owner Wyc Grousbeck is planning to make the franchise ...